A pegged SBD would compete with Tether and could also become a practical cryptocurrency for payments since the price risk is gone. Demand for SBD would shovel over value to Steem, because this is how the peg would work as Steem as the underlying crypto. Of course there is no guarantee, but it would be an interesting concept and experiment to have a stable, efficient, open source and transparent cryptocurrency.
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Yes but what we would be getting is a coin (SBD) pegged to something that is supposed to be constantly losing value (USD) which will eventually just cease to exist- this is said by all witnesses and most people who are in some way connected to crypto, so what is the benefit in that? A constantly decreasing in value SBD? And in many articles I have read there are serious theories about Tether being a scam.
A pegged Steem Dollar would be an interesting crypto for the transition phase, as long as the USD remains relevant. While Tether is intransparent and may even be a scam, SBD would be an open and transparent contender.